As stated earlier, when a financial institution concentrates on a few core products, it is already taking an important risk. We have therefore taken the decision to enlarge our product line to include lending offerings for SMBs in the Russian regions, in addition to corporate lending.
- What motivated your decision to develop SMB lending?
- Which are the most popular products your bank offers for SMBs? Are there any joint programs?
To qualify for a loan, a company must have been on the market for over a year, and state participation should not exceed 25%. Also, the company’s headcount should not be over 250 people. The company must have met all its tax and social obligations. On the other hand, we do not have any preference with regard to the nature of the business and are prepared to deal with companies operating in such various sectors as shops, restaurants, hotels, software firms, building companies, and car service stations. In short, everyone is welcome.
When making the credit decision, we analyze a company’s business plan, its financial situation, in addition to its credit history with other banks, etc. The company should have sound financials and be profitable.
We stimulate entrepreneurs to engage in joint ventures and are prepared to gain a deep understanding of their core activities. Bank has an individual approach to every borrower. We are interested in long-term partnerships with our corporate clients. Hence we invite them to transfer their working capital to the bank. This allows the bank to easily analyze its clients’ financial condition and provides our clients with the opportunity to deepen collaboration through more favorable conditions and interest rates.
We practically do not take account-keeping commissions and, where we do, such commissions are in stark disproportion to the liquidity provided. Rather, having our clients’ account with us enables us to better understand their operating activities, thereby increasing transparency. Based on my experience, I can say that most clients remain faithful to us event long after the loan has been returned. It means that we have finally gained their trust. They know that they have earned their right for future preferential treatment. In addition, we know the management team of such companies, their market standing, and many other details.
- Over the last year,Bank has significantly increased its presence in the Russian regions. What dictated such a move? Is it the smaller amount of initial capital investments, the lower level of competition with other financial market players, or a heightened focus on the revival of SMBs in the Russian regions?
In the long run, I see great potential in the revival of small and medium-sized businesses in the Russian regions.
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